Second Draw Period definition
Second Draw Period is the period commencing on the date of the occurrence of the Term B Draw Event and ending on the earlier of (i) December 31, 2015 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Term B Draw Event an Event of Default has occurred and is continuing.
Second Draw Period is the period commencing on the date occurring on or after the Second Amendment Effective Date in which Borrower satisfies the Second Draw Conditions and ending on the earlier of (a) June 20, 2021, and (b) the occurrence of an Event of Default.
Second Draw Period is the period commencing on the date of the occurrence of the Equity Event and ending on the earliest of (i) ninety (90) days after the occurrence of the Equity Event; (ii) September 30, 2020; and (iii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Equity Event an Event of Default has occurred and is continuing.
Examples of Second Draw Period in a sentence
Upon the earlier (A) the termination of the Second Draw Period and (B) the funding of the aforementioned single draw, any undrawn portion of the Term B Loan shall expire and no longer be available to Borrower and no Lender shall be obligated to make any Term B Loan after such expiration.
More Definitions of Second Draw Period
Second Draw Period is the period commencing on the later of (i) the date of the occurrence of the Positive Data Event and (ii) October 1, 2018 and ending on the earliest of (i) the date that is sixty (60) days immediately after the occurrence of the Positive Data Event, (ii) December 20, 2018 and (iii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date that it would have otherwise commenced an Event of Default has occurred and is continuing.
Second Draw Period is the period commencing on the date of the occurrence of the Term B Funding Milestones and ending on the earlier of (i) May 31, 2018 and (ii) the occurrence and continuation of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Term B Funding Milestones an Event of Default has occurred and is continuing
Second Draw Period means the period commencing after March 31, 2015 and upon the occurrence of the First Milestone Event and the Second Milestone Event and ending on the earlier to occur of (i) June 30, 2015, and (ii) an Event of Default.
Second Draw Period is the period commencing on the date of the occurrence of the Trial Milestone Date and ending on (and including) the earliest of (i) thirty (30) days after the Trial Milestone Date, (ii) December 31, 2019 and (iii) the occurrence of an Event of Default.
Second Draw Period is the period commencing on the first Business Day following the occurrence of Revenue Event 1.0 and ending on the earliest of (i) the date that is sixty (60) days from the date of occurrence of Revenue Event 1.0, (ii) April 30, 2016 and (iii) the existence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of Revenue Event 1.0 an Event of Default has occurred and is continuing.
Second Draw Period is the period commencing on the date of the occurrence of the Second Draw Condition and ending on the earliest of (i) ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇▇) sixty (60) days following the occurrence of the Second Draw Condition, and (iii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Second Draw Condition an Event of Default has occurred and is continuing.
Second Draw Period is the period commencing on the date of the occurrence of the IPO Event and ending on the earliest of (i) the date which is thirty (30) days after the date the IPO Event is achieved, (ii) November 30, 2019 and (iii) the occurrence of an Event of Default that continues; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the IPO Event an Event of Default has occurred and is continuing.